v3.26.1
Financial Instruments (Tables)
 3 Months Ended
Mar. 29, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Fair Values of Foreign Exchange Derivative Instruments on the Consolidated Balance Sheets
The fair values of foreign exchange derivative instruments on the condensed consolidated balance sheets as of March 29, 2026 and December 28, 2025 were:

(U.S. Dollars presented in millions)LocationMarch 29, 2026December 28, 2025
Assets:
Foreign exchange contractsOther current assets$2.7 $6.1 
Total assets$2.7 $6.1 
Liabilities:
Foreign exchange contractsOther current liabilities$0.1 $— 
Total liabilities$0.1 $— 
Schedule of Effects of Derivative Financial Instruments on the Consolidated Statements of Income
The effects of cash flow hedging financial instruments included within the condensed consolidated statements of comprehensive (loss) income for the thirteen weeks ended March 29, 2026 and March 30, 2025 are presented in the table below. When the hedged item affects earnings, amounts are reclassed out of accumulated other comprehensive (loss) income and recognized as a component of cost of products sold.
Amount Recognized in Statement of Comprehensive
(Loss) Income for Cash Flow Hedging Relationships
13 Weeks Ended
(U.S. Dollars presented in millions)March 29, 2026March 30, 2025
Foreign exchange contracts:
Unrealized holding gains arising during period$0.7 $1.0 
Less: reclassification adjustment for (gains) losses included in net income(3.8)2.9 
Unrealized (losses) gains on derivatives$(3.1)$3.9 

The effects of fair value hedging financial instruments included in other (income) expense, net on the condensed consolidated statements of income for the thirteen weeks ended March 29, 2026 and March 30, 2025 were:

Amount Recognized in Earnings
 on Fair Value Hedging Relationships
13 Weeks Ended
(U.S. Dollars presented in millions)March 29, 2026March 30, 2025
Foreign exchange contracts:
Hedged items$0.1 $(0.2)
Net gains (losses) recognized in earnings$0.1 $(0.2)